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1. The payment by installment are done periodically, and in equal amounts. This payment scheme is called A. Ordinary annuity C. annuity B. annuity due D. general annuity

1. The payment by installment are done periodically, and in equal amounts. This payment scheme is called A. Ordinary annuity C. annuity B. annuity due D. general annuity
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18 votes
1. The payment by installment are done periodically, and in equal amounts. This

payment scheme is called
A. Ordinary annuity C. annuity
B. annuity due
D. general annuity

asked
User Phoet
by
8.1k points

1 Answer

1 vote
I think the answer is B because Annuity is a fixed sum of money paid each year
answered
User Fuzzysearch
by
8.6k points
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